46A Financial Statements 31 Juty 2023
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Jade Report and accounts Contents
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| Trustees, Advisorsand Charity Information | 1 | |||
| Trustees’ Report | 2 | |||
| Accountants’ report | 3 | |||
| Statement of Financial Activities | 4 | |||
| Balance sheet | 5 | |||
| Notes to the Financial Statements | 6 | |||
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Trustees
Trustees . boets Barney Skrentny (Chair) 1. Dewees @ Ste tae okt SallyRichardBellBell , ; ; Shantha Appavoo bia ee Se Robert Ashworth a tae Reporting accountant ' Fiona Fraser 3 Barossa Place ni wee! ners Perth be PH1 SHA ‘ : Bankers ' Barclays Bank | Charity's principal address we? 4
Charity's principal address 43-45 Camden Road London NW1 SLR
Registered charity number 1079306
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The Trustees present their report and financial statements for the period ended 31 July 2023 Details of Trustees and the charibes advisors are set out on page 1
Constitution,objects and policies
The trustees set out on page 1 are the directors of the company The objects of thecompanyare ~ to reheve persons who are in conditions of need or hadrship or who are aged or sick and to bme"Bae at nieces ee mmaaatalad ~ to promote economic development for the wider public benefit in areas and amongst people groups suffenng matenal and financial hardship in such parts of the world as the Trustees may from time to bme think fit thinkee ee ey ere Review of activities and future developments The provision of accommodation free of charge in London to workers from partner chanites has expanded,and is ongoing Both couples have continued to invest further in diaspora communities in London, and maintain close connections with their former overseas locations. Both couples make annual visits to their former locations and elsewhere in the region to support and mentor individuals and teams working there Projects in London have expanded in intensity and scope over the last year, with two art exhibitions, weekly English classes in sanctuary seeker hostels, and a men's art group in a sanctuary seeker hostel In addition, the couples have been using their overseas expenence and language to assist vanous sanctuary seeking individuals and familes with translation, advocacy and advice A women's ‘cooking with English’ group is scheduled for the coming year, which will have an initial cohort of 12 women for four weeks. Cohorts of women will rotate every four weeks It's anticipated that there will be a couple of art exhibitions, and later in the year a cohort of young creatives will be gathered, meeting with more experienced overseas workers to learn form one another and inspire each other Financial Review The Trustees are satisfied that the financial position of the Trust is secure and reserves are at a good level for emergency support if required
Statement of Trustees’ responsibilities
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each year which give a true and fair view of the chanity's financial activibes during the period and of it's financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and
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select suitable accounting policies and then apply them consistently
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make judgements and estimates that are reasonable and prudent
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prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy, the financial position of the charity, and which enable them to both ascertain the financial position of the charity and ensure that the financial statements comply withcharitytheandCompanieshence takingAct 2006reasonableThey are alsosteps forresponsiblethe preventif o rn safeguardingand detectiontheof assetsfraud and of theother inreguianves
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REIS ea SAY 99 paa il
Jade Independent Examiner's Report to the Trustees
| report on the accounts of the Charity for the year ended 31 July 2023 which are set out on pages 5 and 6.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is needed.
It is my responsibility to:
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*¢ examine the accounts (under section 145 of the 2011 Act); e to follow procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act):
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e to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently | do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
1) which gives me reasonable cause to believe that in any material respect the requirements
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e to keep accounting records in accordance with section 130 of the 2011 Act; and e to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
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have not been met; or
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Fiona Fraser
Fiona Fraser Chartered Accountant
3 Barossa Place Perth PH1 5HG
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Statement of financial activities for the year ended 31 July 2023
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|---|---|---|---|---|---|---|---|---|
|Restricted|funds|
|Unrestricted|Merritt|MacDonald|Total|
|Funds|Funds|
|2023|2022|
|£|£|
|INCOMING|RESOURCES|
|Regular Gifts|480|14,589|19,521|34,590|53,270|
|Donation|5,000|§,000|-|
|5.480|14,589|19.521|39.590|3.270|
|TOTAL INCOMING RESOURCES|5|480|14.589|19.521|39.590|53.270|
|RESOURCES|EXPENDED|
|Regular monthly payments|14,705|11,600|26,305|54,500|
|Provision|of accommodation|to charity worker|$.772|7|§,772_|ios|
|§.772|14.705|11.600|32.077|54.500|
|Accountancy fees|180|180|150|
|Conference|fees|-|
|180|-|-|180|as150|
|TOTAL RESOURCES EXPENDED|§.952|14.705|11.600|32,257|54.650|
|Excess expenditure|over income|(472)|(116)|7,921|7,333|(1,380)|
|Balance of brought|forward|1|August 2022|4,006|15,826|5,987|25,819|27,199|
|Allocated|to|Restricted|Funds|=|is|
|Balances carried forward 31|July 2023|3.534|15.710|13.908|33,152|25.819|
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Balance Sheet as at 31 July 2023
| Notes | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| Current assets | |||
| Cash atbank and in hand | 33,302 | 25,969 | |
| Creditors: amounts falling due | |||
| withinoneyear | 2 | (150) | (150) |
| —=— | = | : | |
| 33,152 | 25,819 | ||
| 33,152 | 25,819 | ||
| Represented by funds | |||
| Unrestricted funds Restricted funds |
2 | 3,534 ___-29,618© |
4,006 21,813 |
| Balance as at 31 July 2023 | 33,152 | 25,819 | |
| 3 , Theseaccountswereapprovedbytheboardoftrusteeson49une 2004 andsignedonits behalf by: |
Chairman of Trustees Wyo
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Jade Notes to the Accounts for the year ended 31 July 2023
- 1 Accounting policies
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) and the Statement of Recommended Practice Accounting Reporting by Charities (revised 2008). The accounts are prepared on an accruals basis and income and expenditure are included as they are earned or incurred.
Funds
Restricted funds are seperately identified and appropriately described. General funds are not subject to any restrictions regarding their use and are available for application on the general purposes of the company.
| 2 | Creditors: amounts falling due within oneyear | Creditors: amounts falling due within oneyear | 2023 | 2022 |
|---|---|---|---|---|
| £ | £ | |||
| Accruals | 150 | 150 | ||
| 150 | 150 | |||
| 2 | Restricted Funds | 2022 | 2021 | |
| £ | £ | |||
| Merritt | ||||
| At 1 August | 15,826 | 15,545 | ||
| Movement in funds in year | (116) | 281 | ||
| Transferred from | Unrestricted Funds | |||
| At 31 July | 15,710 | 15,826 | ||
| MacDonald | ||||
| At 1 August | 5,987 | 7,978 | ||
| Movement in funds in year | 7,921 | (1,991) | ||
| Transferred from | Unrestricted Funds | |||
| At 31 July | 13,908 | 5,987 | ||
| TotalRestricted | Funds | 29,618 | 21,813 |
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